MetLife Investment Advisors LLC boosted its holdings in W&T Offshore, Inc. (NYSE:WTI) by 23.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,133 shares of the oil and gas company’s stock after buying an additional 8,279 shares during the quarter. MetLife Investment Advisors LLC’s holdings in W&T Offshore were worth $305,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Legal & General Group Plc lifted its position in W&T Offshore by 22.9% in the fourth quarter. Legal & General Group Plc now owns 17,914 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 3,335 shares during the period. Cipher Capital LP acquired a new stake in W&T Offshore in the fourth quarter valued at about $76,000. LPL Financial LLC lifted its position in W&T Offshore by 33.9% in the fourth quarter. LPL Financial LLC now owns 19,476 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 4,930 shares during the period. HRT Financial LLC acquired a new stake in W&T Offshore in the fourth quarter valued at about $85,000. Finally, Rafferty Asset Management LLC lifted its position in W&T Offshore by 58.4% in the fourth quarter. Rafferty Asset Management LLC now owns 27,126 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 10,002 shares during the period. 60.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WTI traded up $0.04 during mid-day trading on Thursday, reaching $4.80. 2,141,797 shares of the company’s stock were exchanged, compared to its average volume of 2,512,146. W&T Offshore, Inc. has a 52-week low of $3.62 and a 52-week high of $9.88. The stock’s 50-day simple moving average is $4.55. The company has a market cap of $675.09 million, a P/E ratio of 4.75 and a beta of 3.04.
A number of equities research analysts recently commented on WTI shares. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Seaport Global Securities reiterated a “buy” rating on shares of W&T Offshore in a research report on Friday, June 21st. Capital One Financial upgraded shares of Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. W&T Offshore has a consensus rating of “Hold” and an average target price of $8.75.
In other W&T Offshore news, CEO Tracy W. Krohn purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of $4.65 per share, for a total transaction of $69,750.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Boulet acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average cost of $4.34 per share, with a total value of $30,380.00. Following the completion of the acquisition, the director now owns 215,373 shares in the company, valued at approximately $934,718.82. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 132,000 shares of company stock worth $611,130. Company insiders own 33.60% of the company’s stock.
W&T Offshore Company Profile
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
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